CAIRO, EGYPT - November 18th, 2018 - Endeavor Egypt, celebrating its 10-year anniversary, hosted Scale-Up Egypt 2018 bringing together 120+ guests from Endeavor’s network of high-impact Entrepreneurs, Mentors and ecosystem partners in attendance of the event’s Guest of Honor H.E. Dr. Sahar Nasr, Egypt’s Minister of Investment & International Cooperation.
Scale-Up Egypt is an event exclusively dedicated to bringing the discussion of scale-ups to the forefront of the conversation of entrepreneurship through sharing of insights on the journey of scaleups, the challenges scale-ups face in Egypt and demonstrating the role they play in catalyzing economic growth.
Scale-Up Egypt witnessed the official launch of Endeavor Egypt’s 2017 Impact.
In his Welcome Remarks Endeavor Egypt Chairman and DMG Group Chairman, Ayman Ismail, shared the highlights of the organization’s 2017 impact, highlighting the contributions of the network to Egypt’s sustainable economic growth and development.
“As we are here to celebrate our tenth year in Egypt, we must take a moment to honor and recognize the impressive growth of Endeavor Egypt Entrepreneurs for their impressive and tangible contribution to their home market, and for the impact they are advancing in the entrepreneurship ecosystem as true role models,” remarked Ismail.
Endeavor Egypt’s network of 44 Entrepreneurs created more than 8,800 jobs since their selection and in 2017, the 29 companies they’re leading generated over EGP 3.9 billion in revenues, contributing 0.11% of Egypt’s GDP. In addition to their economic impact, their ecosystem impact is visible through their ongoing engagement with local startups. 85% of Endeavor Egypt Entrepreneurs actively mentored other startups in 2017 and 40% have led speaking engagements in the entrepreneurial ecosystem, supporting and inspiring Egypt’s budding entrepreneurs. Representing a wide array of sectors and industries, 20% of Endeavor Entrepreneur companies in Egypt are women-led, and more than a third are family owned/controlled.
H.E. Dr. Sahar Nasr, the Guest of Honor of Scale Up Egypt, was recognized as the 2018 Egypt Entrepreneurship Ambassador for Her Excellency’s continuous work and relentless efforts in championing Egypt’s entrepreneurs. In her remarks, H.E. Dr. Nasr shed light on the government’s efforts, commitment and initiatives to support Egypt’s entrepreneurs, while highlighting the important role that organizations like Endeavor Egypt and its network of mentors play in amplifying the impact of entrepreneurs as they scale their businesses.
The event featured a series of talks and conversations led by experts and entrepreneurs.
Joining the event from New York City, serial entrepreneur, venture capitalist and author of the best-selling The 10% Entrepreneur, Patrick McGinnis, led a talk on scaling up to success and overcoming pitfalls in entrepreneurship drawing on his experience in entrepreneurship ecosystems around the world. Renowned serial entrepreneur and investor and entrepreneurship ecosystem icon Youssri Helmy, Co-Founder of ITWorx and Board Member of Egypt Ventures, led a conversation moderated by Endeavor Entrepreneur Rania Kadry (Almouneer) on the state of scale ups and entrepreneurship in Egypt today. Veteran financier Hisham El-Khazindar, MD of Qalaa Holdings, engaged in a thought-provoking conversation with Allen Taylor (Endeavor Catalyst) on unlocking access to smart capital for Egypt’s entrepreneurs.
Scale-Up Egypt also highlighted success stories of scale-up entrepreneurs and the challenges scale-ups face as they grow their companies in a series of talks that were led by Endeavor Entrepreneurs Yaseen AbdelGhaffar (SolarizEgypt) from Egypt, Zeid Husban (POSRocket) from Jordan, and Eloi Gomez (Mr.Jeff) from Spain.
At Scale-Up Egypt, Endeavor Egypt announced Amir Barsoum, Endeavor Entrepreneur Founder and CEO of Vezeeta, as 2018 Entrepreneur of the Year, exemplifying Endeavor’s High Impact Entrepreneur ideals; not only successfully scaling his business, but who is also an ecosystem role model who goes on to reinvest his knowledge, expertise and financial gains in the building of his home market.
The event recognized the invaluable contributions of its Mentor Network who in 2017-18 donated more than 1000 mentorship and council hours to Endeavor Egypt Entrepreneurs. Tamer El-Raghy (Acumen Capital Partners) was named Mentor of the Year 2018, and together with Alaa Hashim (Transcendium) and Walid Bakr (Ripples Impact) were recognized as top contributors of the year.
In honor of their 10+ years commitment to supporting entrepreneurs in the Endeavor network through Mentoring, Endeavor Mentors and ecosystem icons Khaled Ismail (HIMangel), Randa Abdou (Marketing Mix) and Ahmed Abdoun (Marketing Mix) were awarded a special recognition during the event for their unwavering giving, support and inspiration to Endeavor’s network of entrepreneurs through their mentorship and council for over a decade.
“We are grateful for everyone who has contributed to the achievements of Endeavor Egypt Entrepreneurs these past ten years- our board, team, mentors, partners, and ecosystem allies. As we enter our next decade, scaling up high impact entrepreneurs will continue to be our guiding north star and we’re inviting all the champions of our mission to join us in building a thriving ecosystem for these entrepreneurs to scale, grow and for their impact to multiply,” commented Mohamed Rahmy, MD-Endeavor Egypt.
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